Lucid Motors - Newark, CA

posted about 2 months ago

Full-time - Manager
Newark, CA
Transportation Equipment Manufacturing

About the position

At Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility. We plan to lead in this new era of luxury electric by returning to the fundamentals of great design - where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience. We are currently seeking a Manager, Cost Accounting, to handle aspects of advanced automotive manufacturing costing at our Arizona manufacturing plant. This individual is a key member of the manufacturing cost accounting team. They will be responsible for financial controls and operational improvements related to inventory management and to ensure the accuracy and completeness of inventory valuation and gross margin. This role is highly cross-functional and requires collaboration and significant partnership with a wide variety of teams across the business including IT, operations, logistics, manufacturing, and purchasing. In this role, you will act as the primary point of contact for managing Standard Cost. You will actively evaluate operational costs, set up standards, and review forecast vs actual costs to identify variances. You will partner with operations in manufacturing, logistics, and supply chain to understand product costs and variance drivers. Additionally, you will lead the monthly close process and review material and production variances to ensure accuracy of inventory, capitalized costs, COGS, and reporting. Financial oversight on inventory, cycle count, inventory adjustments, scrap, and excess & obsolescence reserve will also be part of your responsibilities. You will own, implement, and maintain internal control on accounting processes and ensure compliance with SOX for inventory and related operations. Furthermore, you will ensure financial records and reports are prepared in compliance with Company's policies and in accordance with U.S. GAAP. Supporting external audits for interim and year-end audit processes will also be required. You will partner closely with key internal stakeholders to streamline workflows, reduce monthly close cycle time, and ensure continuous improvement in cost accounting processes. Lastly, you will be responsible for providing direction on accounting questions to others within the larger finance groups as well as key stakeholders.

Responsibilities

  • Act as the primary point of contact for managing Standard Cost.
  • Actively evaluate operational costs, set up standards, and review forecast vs actual costs to identify variances.
  • Partner with operations in manufacturing, logistics, and supply chain to understand product costs and variance drivers.
  • Lead the monthly close process and review material and production variances to ensure accuracy of inventory, capitalized costs, COGS, and reporting.
  • Provide financial oversight on inventory, cycle count, inventory adjustments, scrap, and excess & obsolescence reserve.
  • Own, implement, and maintain internal control on accounting processes and ensure compliance with SOX for inventory and related operations.
  • Ensure financial records and reports are prepared in compliance with Company's policies and in accordance with U.S. GAAP.
  • Support external audit for interim and year-end audit processes.
  • Partner closely with key internal stakeholders to streamline workflows, reduce monthly close cycle time, and ensure continuous improvement in cost accounting processes.
  • Provide direction on accounting questions to others within the larger finance groups as well as key stakeholders.

Requirements

  • Bachelor's degree in accounting or finance.
  • Current and in-depth knowledge of US GAAP.
  • CPA/CMA license preferred.
  • Working knowledge of SAP or related manufacturing systems.
  • Minimum 8 years in a financial accounting role with 5+ years' experience with management in a manufacturing environment.
  • Experience in building and leading a team.
  • Strong ability to coach, mentor and develop team members.
  • Excellent problem solving and analytical skills.
  • Ability to build partnerships and work in a collaborative environment.
  • Maintain flexibility in a fast-paced environment, and continuously evolving to meet changing business needs.

Benefits

  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Disability insurance
  • Vacation
  • 401k
  • Equity program participation
  • Discretionary annual incentive program participation
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